$SPELL ( What do you think and leave your comment I need advice) The Spell Token (SPELL) is a token reward associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKN) as collateral to borrow a USD stablecoin called Magic Internet Money (MIM). Abracadabra uses the lending technology of Kashi, pioneer of SushiSwap (SUSHI), to provide isolated lending markets that allow users to adjust their risk tolerance according to the collateral they decide to use. Users can post collateral and borrow MIM against it. Abracadabra also offers yield farming opportunities, where users can stake their liquidity provider (LP) tokens to farm SPELL. This facilitates better liquidity for certain cryptocurrency pairs, currently Ether (ETH)-Spell Token (SPELL) and Magic Internet Money (MIM)-LP 3pool Curve (3CRV). Additionally, users can also open leveraged farming positions using MIM borrowed from their interest-bearing collateral.#
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.